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Ag barometer declines sharply as commodity prices weaken; majority of farmers expect MFP payments in 2020

September 3, 2019

  WEST LAFAYETTE, Ind. and CHICAGO – The Purdue University/CME Group Ag Economy Barometer weakened significantly in August to a reading of 124, down 29 points from July. The barometer is based on a mid-month survey of 400 agricultural producers across the U.S. and was conducted between August 12 and August 20, 2019, with nearly…

Confidence in the ag economy soars; producers confirm large prevented plantings of corn and soybeans

August 6, 2019

WEST LAFAYETTE, Ind. and CHICAGO – The Purdue University/CME Group Ag Economy Barometer reading jumped to 153 in July, up 27 points from June, and up 52 points from May. Improving crop conditions after an extraordinarily wet planting season, combined with a late spring/early summer crop price rally, boosted farmer sentiment. This improvement occurred despite…

Rising crop prices and USDA payment announcements lift farmer sentiment, despite uncertain economic environment

July 2, 2019

WEST LAFAYETTE, Ind. and CHICAGO – Ag producer sentiment rebounded in June as farmers’ expressed a more optimistic outlook towards the future of the ag economy. The Purdue University/CME Group Ag Economy Barometer, based on a mid-month survey of 400 agricultural producers across the U.S., increased to a reading of 126 in June, up 25…

Farmer sentiment hits lowest level in over two years

June 4, 2019

WEST LAFAYETTE, Ind. and CHICAGO – Ag producer sentiment dropped to its lowest level since October 2016, erasing all improvements recorded following the November 2016 election. The Purdue University/CME Group Ag Economy Barometer, based on a mid-month survey of 400 agricultural producers across the U.S., declined 14 points in May to a reading of 101,…

Producer sentiment plummets; trade dispute and weak financial performance wear on farmers

May 7, 2019

WEST LAFAYETTE, Ind. and CHICAGO – In April, agricultural producer sentiment plunged as the Purdue University/CME Group Ag Economy Barometer declined 18 points to a reading of 115, down from 133 in March. The barometer, a sentiment index, is based on a monthly survey of 400 agricultural producers across the U.S. This marks the fourth…

Farms showing financial stress, producers express concern about future conditions

April 2, 2019

WEST LAFAYETTE, Ind. and CHICAGO – Producer sentiment weakened slightly in late winter, according to the March Purdue University/CME Group Ag Economy Barometer reading. The barometer, which is based on a survey of 400 U.S. agricultural producers, declined 3 points to a reading of 133, down from 136 in February.

Farmer sentiment weakens amid increasing marketing risk concerns and continued uncertainty around tariffs

March 5, 2019

WEST LAFAYETTE, Ind. and CHICAGO – Uncertainty looms behind a weakened Purdue University/CME Group Ag Economy Barometer reading in February, with producers less optimistic about current conditions and the commodity price outlook. The barometer, which is based on a survey of 400 U.S. agricultural producers, declined 7 points to a reading of 136, down from…

Farmer sentiment improves following USDA’s second MFP payment announcement and Farm Bill approval

February 5, 2019

WEST LAFAYETTE, Ind. and CHICAGO – Agricultural producers were more optimistic about the agricultural economy in January, but they remain concerned about farmland values, according to results from the January Purdue University/CME Group Ag Economy Barometer. The barometer, which is based on 400 survey responses from agricultural producers across the country, rebounded to a reading…

Ag Producers’ sentiment drifts lower; trade disputes continue to concern farmers

January 8, 2019

WEST LAFAYETTE, Ind. and CHICAGO – There was a modest drop in agricultural producer sentiment in December as farmers’ perception of both current and future economic conditions weakened, according to results from the Purdue University/CME Group Ag Economy Barometer. The December barometer reading of 127 was 7 points lower than November. The barometer is based…

Producer sentiment holds steady, but lack of new farm bill concerns farmers

December 4, 2018

WEST LAFAYETTE, Ind. and CHICAGO – Agricultural producer sentiment held steady in November with producers remaining optimistic about the state of the agricultural economy, according to results from the Purdue University/CME Group Ag Economy Barometer. The November barometer reading of 134 was only 1 percent lower than October, which is similar to levels seen last…